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Demand for Continuous Supply of Voltage to drive the Power Quality Equipment Market

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Power Quality Equipment, as the name suggests, assures of supplying uninterrupted voltage, that too, within the pre-defined range. The parameters that decide quality of power include voltage dips, flicker current, voltage, harmonics, transients, and likewise. Persistence Market Research has walked through these facts with probable calls to action in its latest market study entitled “Power Quality Equipment Market”.

Power Quality Equipment Market Dynamics

The global power quality equipment market, by type of product, spans power conditioning equipment (harmonic filters, UPS, SPD (Surge Protection Device), DC power supply, motor-generator set, and likewise) and power quality testing and measuring equipment. By end-user, it’s telecommunications, electrical & electronics, automotive & industrial, energy & utilities, and likewise. Persistence Market Research has highlighted these findings with future perspectives in its latest market study entitled “Power Quality Equipment Market”.

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Region-wise Analysis

North America holds the largest market share due to need for installation of power quality equipment as a replacement of age-old infrastructure of transmission and distribution. Europe is at the second position on similar grounds. The Asia-Pacific is poised to grow at an exponential rate in the power quality equipment market due to increasing demand for electricity. The region is led by Malaysia, Vietnam, Thailand, Australia, and South Korea. Smart grid infrastructures are being developed. Persistence Market Research has entailed these facts with insights in its latest market study entitled “Power Quality Equipment Market”.

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Competitive Equipment

Persistence Market Research has profiled the key players in power quality equipment market as ABB Ltd., Mitsubishi Electric Corporation, Eaton Corporation Plc, Schneider Electric SE, Toshiba International Corporation, National Instruments Corporation, Celestica Inc., EMCO Ltd., Delta Electronics, Inc., AMETEK Inc., Hubbell Inc., Fluke Corporation, Cordyne, Inc., Advanced Protection Technologies, Inc., LEA International, Kyotitsu Electrical Instruments Works, Ltd., Unipower AB, Cyber Power Systems, Inc., and likewise.

Persistence Market Research has also enlisted the key developments on this count. For instance – Eaton, in January 2021, did acquire Tripp Lite for expanding the single-phase UPS business. Two months later, Siemens acquired C & S Electric India’s 99.2% stake. The purpose of this acquisition was catering to demand for low voltage power distribution. ABB, in February 2021, inked a contract with Egyptian Electricity Transmission Company for improvising on power quality and also expanding transmission capacity in Owainat development area (southwestern Egypt).

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The Path Ahead

The global power quality equipment market is bound to grow on a grand note in the next 10 years – Persistence Market Research

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